Nokia reports £787m loss but shares rise

Nokia's shares have risen sharply in Helsinki, despite a record sixth consecutive year where the Finnish company made a loss

 

Nokia announced today that sales of its flagship Lumia range during its third quarter are down 19% from the same period last year. In real terms, the company shifted 2.9 million phones compared to 4 million in 2011.

The latest figures make for disappointing reading, especially considering Nokia was the biggest manufacturer of phones in the world for more than a decade. But the Finnish firm continues to lag behind the likes of Apple and Samsung in the innovation (and marketing) department.

But hold on just a second, there could be light at the end of the tunnel. Shares in Nokia increased in value by 9 percent following the announcement thanks to better-than-expected results and a licensing agreement struck with Amazon.

Nokia and Amazon agreed a deal in back August to bring Nokia Maps exclusively to the Kindle family of tablets.

Part of the reason for Nokia's ropey financial performance this year is the announcement that Microsoft would not update existing WP7 Lumias to Windows Phone 8.

Nokia chief Stephen Elop stated the slow down in the second half of the quarter was due to users holding out for the WP8-toting Lumia 920 and 820 handsets arriving from early November.

The Finnish company continues to ship feature phones and posted Q3 sales of 76.6 million units - up four per cent quarter-on-quarter. But again - that total is still down 15 percent year-on-year.

Back in smartphone land, Microsoft is due to announce Windows Phone 8 on October 29^th where they are expected to openly demonstrate the new Nokia Lumia smartphones amongst their other device manufacturers.

Source : rss[dot]feedsportal[dot]com

Nokia Lumia 800 Leather Case with a Personal Touch

Your phone is one of the most important personal effects and therefore it needs your attention always. When you get bored it’s your phone that streams video for you. When you need to talk to your friends, a touch on the screen s connects you to them. More importantly is the superb finish that the phones com with and allow you to floss and show off. These features ,may diminish is a careful consideration is not done on how to maintain your phone. There are accessories that will help you with that. Take the Nokia Lumia 800 leather case for example. The case is sure to have your phone protected from any force of nature or object that might damage your phone.
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The Nokia Lumia 800 leather case is a phone casing that has been designed to make sure that your phone receives maximum protection against damage of any kind. You can get various designs of Nokia Lumia 800 accessories cover online at an affordable price.

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